Gapping up
In reaction to strong earnings/guidance: SYNA +13% (also target raised to $80 at Craig Hallum), ECHO +9.6% (light volume), WTSL +9.2% (light volume, plans to exit Arden B business; Reaffirms 1Q14 Financial Guidance), CUDA +8.3%, MKTO +7.8%, GIMO +7.6% (also upgraded to Strong Buy from Buy at Needham), LSCC +6.7%, PDFS +6.3% (thinly traded), INUV +6.3% (thinly traded), DECK +5.8%, BIDU +4.7% (also upgraded to Buy from Hold at Deutsche Bank), CRUS +4.6%, DV +4.1%, (also upgraded to Overweight from Neutral at Piper Jaffray), HBI +4.1%, PSO +3.6%(issues interim management statement for first three months of 2014; reaffirms FY14 EPS guidance), ALTR +3.4%, SPWR +2.6%, MSFT +1.9%, MMSI +1.7%, (light volume), ALK +1.6%,AEP +1.3%, (light volume), SBUX +1.1%, OTEX +0.9%, (to file a shelf registration statement in connection with GXS transaction Registration Right), CERN +0.6%, AMCC +0.6% (light volume), HMC +0.5% (light volume), QLIK +0.2%.
Select metals/mining stocks trading higher: GDX +1.2%, ABX +1%, GOLD +0.8%, AU +0.7%, GLD +0.6%.
China internet names higher boosted by BIDU results: DANG +1.7%, YOKU +1.4%, WB +1.3%, VIPS +1.2%, SOHU +1%, QIHU +0.7%, SINA +0.7%
Other news: BLDP +10.8% (Ballard closes strategic intellectual property transaction with United Technologies Corp), CLH +7.8% (Relational Investor confirms 9.08% stake in 13D), YNDX +2.7% (rebounding modestly, ongoing tensions in Russia), UA +2.5% (will be added to S&P 500; upgraded to Buy at Stifel), SPLS +2.5% (still checking), SXCP +1.6% (SunCoke Energy Partners prices public offering of 2.8 mln common units at $29.03 per unit), BV +1.5% (reaches settlement with DOJ in antitrust litigation regarding 2012 acquisition of PowerReviews), TSL +1.3% (to supply 36MW of high efficiency modules to large-scale chile solar project), NOK +0.8% (Nokia completes sale of substantially all of its Devices & Services business to Microsoft, as expected; also Nokia plans to name Rajeev Suri next CEO next week, according to reports), VALE +0.5% (receives favorable ruling in Brazilian appeals court over tax dispute, according to report), UPS +0.3% (UPS Contract with International Brotherhood of Teamsters Approved), YY +0.3% (Greenwoods Asset Mgmt disclosed 5.2% stake in 13G).
Analyst comments: FTI +1% (upgraded to Outperform from Market Perform at BMO Capital), BP +0.8% (initiated with a Buy at Jefferies), CELG +0.2% (upgraded to Overweight from Neutral at Piper Jaffray)
Select metals/mining stocks trading higher: GDX +1.2%, ABX +1%, GOLD +0.8%, AU +0.7%, GLD +0.6%.
China internet names higher boosted by BIDU results: DANG +1.7%, YOKU +1.4%, WB +1.3%, VIPS +1.2%, SOHU +1%, QIHU +0.7%, SINA +0.7%
Other news: BLDP +10.8% (Ballard closes strategic intellectual property transaction with United Technologies Corp), CLH +7.8% (Relational Investor confirms 9.08% stake in 13D), YNDX +2.7% (rebounding modestly, ongoing tensions in Russia), UA +2.5% (will be added to S&P 500; upgraded to Buy at Stifel), SPLS +2.5% (still checking), SXCP +1.6% (SunCoke Energy Partners prices public offering of 2.8 mln common units at $29.03 per unit), BV +1.5% (reaches settlement with DOJ in antitrust litigation regarding 2012 acquisition of PowerReviews), TSL +1.3% (to supply 36MW of high efficiency modules to large-scale chile solar project), NOK +0.8% (Nokia completes sale of substantially all of its Devices & Services business to Microsoft, as expected; also Nokia plans to name Rajeev Suri next CEO next week, according to reports), VALE +0.5% (receives favorable ruling in Brazilian appeals court over tax dispute, according to report), UPS +0.3% (UPS Contract with International Brotherhood of Teamsters Approved), YY +0.3% (Greenwoods Asset Mgmt disclosed 5.2% stake in 13G).
Analyst comments: FTI +1% (upgraded to Outperform from Market Perform at BMO Capital), BP +0.8% (initiated with a Buy at Jefferies), CELG +0.2% (upgraded to Overweight from Neutral at Piper Jaffray)